Just In Case - JIC

An inventory strategy in which companies keep large inventories on hand. This type of inventory management strategy aims to minimize the probability that a product will sell out of stock. A company practicing this strategy essentially incurs higher inventory holding costs in return for a reduction in the number of sales lost due to sold out inventory.

The JIC inventory strategy is much different than the newer 'just in time' (JIT) strategy where companies try to minimize inventory costs by producing the goods after the orders have come in.

The older 'just in case' strategy is used by companies that have trouble forecasting demand. With this strategy, the companies have enough production material on hand to meet unexpected spikes in demand. Higher storage costs are the main disadvantage of this strategy.


Investment dictionary. . 2012.

Look at other dictionaries:

  • just in case — {adv. phr.} For an emergency; in order to be protected. * / Here are my house keys. Sue, Tom said. I ll be back in two weeks, but you should have them, just in case... / See: IN CASE …   Dictionary of American idioms

  • just in case — {adv. phr.} For an emergency; in order to be protected. * / Here are my house keys. Sue, Tom said. I ll be back in two weeks, but you should have them, just in case... / See: IN CASE …   Dictionary of American idioms

  • (just) in case ( … ) — (just) in case (…) idiom because of the possibility of sth happening • You d better take the keys in case I m out. • You probably won t need to call but take my number, just in case. • In case (= if it is true that) you re …   Useful english dictionary

  • just in case — ► just in case as a precaution. Main Entry: ↑just …   English terms dictionary

  • just in case — adverb if there happens to be need in case of trouble call 911 I have money, just in case • Syn: ↑in case * * * adverb : by way of precaution against a possible or anticipated eventuality surrounded the area just in case Springfield… …   Useful english dictionary

  • Just in Case — infobox Book | name = Just in Case image caption = author = Meg Rosoff illustrator = cover artist = country = United Kingdom language = English genre = Young adult publisher = Puffin Books pub date = August 3, 2006 pages = 240 pp isbn = ISBN 978… …   Wikipedia

  • just in case — adverb /ˌdʒʌst ɪn ˈkeɪs/ a) In the event; should there be a need. Ill take an umbrella, just in case. b) if and only if Dudley and his council gave no credit to these suspicions but decided to strengthen the colonys defenses just in case the… …   Wiktionary

  • just in case — only if something happens. We keep a lot of food on hand, just in case there s a storm. Usage notes: often used without any following clause: Make sure you have extra batteries available, just in case …   New idioms dictionary

  • just\ in\ case — adv. phr. For an emergency; in order to be protected. Here are my house keys. Sue, Tom said. I ll be back in two weeks, but you should have them, just in case... See: in case …   Словарь американских идиом

  • just in case — just to be safe, for the sake of it, in the event that …   English contemporary dictionary

  • just in case — as a precaution. → just …   English new terms dictionary

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